Where and How to Buy ApeCoin in 2022 – A Beginner’s Guide
By Meghan M. 5 min read
Where to buy ApeCoin
Read the below method using which you can find your desired cryptocurrency exchange that you can use to purchase ApeCoin in 2022.
Step 1: Search for the Exchange
Very limited exchanges are offering APE for trading and the best place to find these exchanges are CoinMarketCap or Coingecko. In this guide we are using Coingecko but the process is same for the other.
Go to Coingecko.com and search for the ApeCoin (APE) coin in the search bar located at top right side of the menu. The page contains all the information related to ApeCoin, scroll down until you see a menu containing options like overview, Markets, Charts, Click on "Markets Tab".
Here you will see a list of available crypto exchanges, where you can buy APE.
Step 2: Choose an appropriate Exchange
Before purchasing ApeCoin, properly examine the benefits and drawbacks of various trading platforms to choose which one best fits your financial objectives. And, of course, trade with caution. Only invest spare cash that you can afford to lose.
Step 3: Complete your Order
Now that you have selected your required crypto platform, its time to complete your APE purchase. The process involves 3 simple steps:
1: Register on the exchange
You should have an account on your selected exchange. If you have already created one that’s good. Crypto exchanges offer two options to create an account by using email or mobile. Choose your option and enter your personal information like name, email, mobile, address etc.
Ensure that you agree to the terms and rules. Your account will be established after successfully completing the form and receiving a follow-up email or mobile verification.
Note: Most of the exchange platforms require you to verify your National I.D. Just follow the instructions from the exchange to get yourself verified.
2: Add Funds
Login to your newly created account and add funds using credit or debit card or any other available payment method. If you want to buy Tron using other cryptocurrency, transfer it to the exchange using “deposit option”.
3: Invest in ApeCoin
Now that you have everything to purchase ApeCoin (APE). Go to the market page on the exchange and search for APE, buy it using your added cryptocurrency or fiat.
Congratulations! You are now the proud owner of ApeCoin.
The preceding is an opinion and is provided solely for informational reasons. It is not intended to be financial advice. Seek investing advice from a fully licensed specialist.
Buy ApeCoin on Decentralized Exchanges.
Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy ApeCoin (APE) easily.
1. PancakeSwap (v2)
PancakeSwap is the most popular and widely used AMM for staking and yield farming. The exchange's trade volume exceeds $650 million. PancakeSwap is now the largest project running on BSC, and this momentum is anticipated to continue even if DeFi gains traction.
Still, adding PancakeSwap to a BSC is a significant step in the right way since it lets customers to engage in DeFi without worrying about expensive transaction fees or sluggish transaction speeds. While the market remains unpredictable and dynamic, the PancakeSwap team is working hard to provide an open and transparent platform that provides a number of ways to profit from crypto assets. There is also an emphasis on enhancing user experience in order to enhance platform usage, even among new users.
PancakeSwap (v2) Pros
- Pools and farms benefit from high APR/APY returns.
- Lower transaction costs than Uniswap.
- A diverse assortment of items.
- With an active community and developers, has more daily transactions than Uniswap.
PancakeSwap (v2) Cons
- Possible loss in liquidity pool.
- Prediction and the lottery might easily result in a loss of dollars (gambling).
- Because of its popularity, the network may get clogged.
- Many token scams are a possibility.
Uniswap (v3)
Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.
The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.
Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.
Uniswap (v3) Features
- Privacy rights: You do not need to undergo KYC to utilize Uniswap. Instead, trade is done straight from your wallet, thus your public wallet address is the only identity required.
- Security: Because Uniswap is non-custodial, it is as secure as the Ethereum blockchain itself, as the protocol does not transport money. Uniswap's smart contracts have been examined by several teams, including those that checked the Maker DAO contracts.
- New Tokens: Anyone may develop an ERC20 token and couple it with ETH to provide liquidity for the new pool. This means that Uniswap provides faster trading access to fresh tokens than anywhere else.
- Low fees: Uniswap charges only a small 0.3 percent fee every exchange. Centralised exchanges, on the other hand, typically charge 0.5 percent or more every deal.
- Trustless: Unlike centralised exchanges, you maintain your private keys when you trade with Uniswap. You are the custodian of your tokens and swap them directly with the liquidity pools.
How to buy ApeCoin on Uniswap (v3)
In this section, we'll go through below steps on how to make your first ApeCoin purchase on Uniswap.
Uniswap allows you to buy ApeCoin (APE) and any of the thousands of ERC20 tokens offered by the Ethereum network. To do so, you'll need sufficient ETH on hand to cover any transaction costs, as well as anything to exchange for the ERC20 token you desire mostly Ethereum or USDT (ERC-20).
Step 1: Navigate to the Uniswap exchange platform. Click the 'Connect to a wallet' option in the upper right corner and log in with the Metamask or Trust wallet.
Step 2: After logging in, the trading dashboard will be shown. Select the token you want to trade for, and the token you want in the top section (in our case ApeCoin), You can also search ApeCoin (APE) in Coinmarketcap and copy/paste the APE contract in uniswap.
Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.
Step 4: At the bottom of the order menu, you'll see how much you'll be charged. If you're satisfied with these numbers, click the 'Swap' option. When you're finished, confirm the transaction, and it'll be processed. Once completed, your tokens will be available in your ERC20 wallet.
Conclusion
Choosing the best cryptocurrency platform for ApeCoin (APE) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.